REG - Wheaton Precious Met - WPM announces Future of Mining Challenge Winner

Wheaton Precious MetalsAnnouncement

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RNS Number : 0999V  Wheaton Precious Metals Corp.  03 March 2026

March 2, 2026
Vancouver, British Columbia
 

Wheaton Precious Metals Announces Cetos Water

as the Winner of its Future of Mining Challenge

 

Vancouver, British Columbia - Wheaton Precious Metals™ Corp. ("Wheaton" or
the "Company") is pleased to announce the winner of its second annual Future
of Mining Challenge. Cetos Water has been awarded US$1 million for its unique
technology that turns wastewater from mining activities into clean, reusable
water.

"Cetos Water's approach to tackling one of mining's most pressing challenges
exemplifies the type of bold, practical innovation we set out to support
through the Future of Mining Challenge," said Randy Smallwood, Chief Executive
Officer of Wheaton. "Their technology has the potential to improve how water
is managed across mining operations, and we are proud to award them with $1
million to continue to advance their work."

 

"The mining industry continues to explore new ways to integrate sustainable
solutions into core operations, and emerging technologies like this show
strong promise in driving meaningful change," said Haytham Hodaly, President
of Wheaton. "Cetos Water is working to enable more efficient reuse of water at
mine sites by providing a low-energy, solvent-based approach. We are pleased
to support a solution that has the potential to contribute to stronger
environmental outcomes across the sector."

 

Building on its launch in September 2024, this year's Future of Mining
Challenge focused on identifying innovative technologies that support
sustainable water management in mining.

 

"Water is quickly becoming a defining constraint on mining operations
worldwide - shaping project timelines, operating costs, production throughput,
and permitting risk," said Shannon Knee, Founder and Chief Executive Officer
of Cetos Water. "Cetos Water seeks to transform complex wastewater from a
liability into a resilient resource: supporting discharge compliance and
reducing tailings liabilities in water-abundant regions, while unlocking
unconventional water supply in water-scarce areas.  We're honored to be
recognized by Wheaton Precious Metals and to help advance a more sustainable,
water-secure future for mining worldwide."

 

Delivered in partnership with the University of British Columbia Sauder School
of Business, the second annual Future of Mining Challenge attracted a
significant number of high-quality applications from ventures around the
world, underscoring the growing momentum behind innovation aimed at making
mining more sustainable. In addition to Cetos Water, Wheaton recognized pH7
Technologies and H2nanO as finalists. All three finalists participated in a
technology showcase, where they presented their solutions and highlighted the
potential impact of their innovations to industry stakeholders.

 

Wheaton congratulates all participating ventures and is encouraged by the
range of solutions advancing meaningful progress across the mining sector. The
third edition of the challenge will be focused on technologies that reduce the
impact on land through more efficient mining and processing. To learn more,
please visit www.futureofmining.ca (http://www.futureofmining.ca) .
Applications for the 2026-2027 Future of Mining Challenge will open later this
year.

 

About Wheaton Precious Metals Corp.

Wheaton Precious Metals is the world's premier precious metals streaming
company, providing shareholders with access to a high-quality portfolio of
low-cost, long-life mines around the world. Through strategic streaming
agreements, Wheaton partners with mining companies to secure a portion of
their future precious metals production. Committed to responsible mining
practices, Wheaton employs due diligence practices with a goal of unlocking
long-term value for shareholders while supporting the broader mining industry
to deliver the commodities society needs through access to capital. Wheaton's
shares are listed on the Toronto Stock Exchange, New York Stock Exchange and
London Stock Exchange under the symbol WPM.

For further information:

 

Media Contact

Simona Antolak

Vice President, Communications & Corporate Affairs

Tel: 604-639-9870

Email: simona.antolak@wheatonpm.com

 

Investor Contact

Emma Murray

Vice President, Investor Relations

Tel:1-844-288-9878

Email: info@wheatonpm.com

 

Cautionary Note Regarding Forward Looking-Statements

This press release contains "forward-looking statements" within the meaning of
the United States Private Securities Litigation Reform Act of 1995 and
"forward-looking information" within the meaning of applicable Canadian
securities legislation concerning the business, operations and financial
performance of Wheaton. Forward-looking statements, which are all statements
other than statements of historical fact, include, but are not limited to,
statements with respect to climate change and sustainability commitments by
Wheaton and at mineral stream interests currently owned by Wheaton (the
"Mining Operations"), the ability of any technology identified in the Wheaton
Future of Mining Challenge to potentially address water-related issues across
mining operations, the process for the identification and selection of an
award recipient under the Wheaton Future of Mining Challenge, the payment of
$1 million to an award recipient, and the ability of an award recipient to
potentially reduce greenhouse gas emissions across mining operations.
Forward-looking statements are subject to known and unknown risks,
uncertainties and other factors that may cause the actual results, level of
activity, performance or achievements of Wheaton to be materially different
from those expressed or implied by such forward-looking statements including
(without limitation) risks related to climate change, environmental, social
and governance matters, the ability to achieve sustainability commitments and
goals at both Wheaton and the Mining Operations, the ability to identify a
technology that address water-related issues across mining operations, the
process for the identification and selection of an award recipient under the
Wheaton Future of Mining Challenge, the payment of $1 million to an award
recipient, and the ability of an award recipient to reduce greenhouse gas
emissions across mining operations and other risks discussed in the section
entitled "Description of the Business - Risk Factors" in Wheaton's Annual
Information Form available on SEDAR+ at www.sedarplus.ca and Wheaton's Form
40-F for the year ended December 31, 2024 and the risks identified under
"Risks and Uncertainties" in Wheaton's Management's Discussion and Analysis
for the year ended December 31, 2024, available on SEDAR+ and in Wheaton's
Form 6-K filed March 13, 2025. Forward-looking statements are based on
assumptions management currently believes to be reasonable, including (without
limitation) that climate change and sustainability commitments and goals at
both Wheaton and the Mining Operations will be achieved, that technology
identified in the Wheaton Future of Mining Challenge will potentially be able
to address water-related issues across mining operations, that the process for
the identification and selection of an award recipient under the Wheaton
Future of Mining Challenge will be successful, that the payment of $1 million
to an award recipient will be made, and that an award recipient will
potentially be able to address water-related issues across mining
operations.  There can be no assurance that forward-looking statements will
prove to be accurate and even if events or results described in the
forward-looking statements are realized or substantially realized, there can
be no assurance that they will have the expected consequences to, or effects
on, Wheaton. Readers should not place undue reliance on forward-looking
statements and are cautioned that actual outcomes may vary. Any
forward-looking statement speaks only as of the date on which it is made,
reflects Wheaton's management's current beliefs based on current information
and will not be updated except in accordance with applicable securities laws.
There may be other factors that cause results, performance or achievements not
to be as anticipated, estimated or intended.

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